By Odeya Ogbetuo

The Foundation for Partnership Initiatives in the Niger Delta (PIND) in collaboration with Ford Foundation and New Nigeria Foundation have organized a seminar for stakeholders of Oil Producing Communities in Warri and environs on how to benefit from the Petroleum Industry Act, PIA signed into law in 2021.


In his opening speech at PIND Conference Hall, Warri, Delta State, the Executive Director of PIND, Mr. Tunji Idowu said that PIND has committed itself to sensitization and to create awareness session on PIA requirements and implementation process to enable members of Host Communities to understand PIA better.

He said that PIA mandated the creation of Host Communities Development Trusts with the oil and gas operators, described as ‘Settlor’ to incorporate these trusts for the benefits of the host communities and make annual contributions based on 3% of their yearly operating expenditure into a Host Communities Development Trust Fund (HCDTF).
https://bailoutnigeria.com/pind-organizes-seminar-for-host-communities-on-benefits-of-pia/